155
155
Dec 6, 2012
12/12
by
KRCB
tv
eye 155
favorite 0
quote 0
smartphone in china. shares of nokia jumped 12.8%. volume was very heavy as shares sit at a seven-month high. meantime, banking stocks were in focus thanks to the job cuts announced at citigroup. bank of america joined in the rally with shares closing with a double-digit handle. with b. of a. finishing the session at $10.46, it's the first close over $10 per share since july 2011. also helping the financial sector: insurance companies. two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the br
smartphone in china. shares of nokia jumped 12.8%. volume was very heavy as shares sit at a seven-month high. meantime, banking stocks were in focus thanks to the job cuts announced at citigroup. bank of america joined in the rally with shares closing with a double-digit handle. with b. of a. finishing the session at $10.46, it's the first close over $10 per share since july 2011. also helping the financial sector: insurance companies. two of them released their estimates of how much hurricane...
294
294
Dec 15, 2012
12/12
by
KQEH
tv
eye 294
favorite 0
quote 0
and this is not just me forecasting this, opec is worried about it, he stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it is a counter cyclical so it is stimulative to the economy, more money in consumers products hopefully to buy and sustain the economy. >> complicated equation there, john, thanks a lot for coming and explaining all of this, have a great weekend. >> >> still hot on this friday night, u.s. manufacturing staying afloat, the luxury boat business made right here in the usa. >> it is called pay as you earn, it is a new obama administration program to pay off student loans, the starting date to sign up is next friday. but it looks like the plan favors graduate students who get bigger paychecks than low earning workers. >> in the state of >> reporte
and this is not just me forecasting this, opec is worried about it, he stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it is a counter cyclical so it is stimulative...
183
183
Dec 1, 2012
12/12
by
KRCB
tv
eye 183
favorite 0
quote 0
there's been demand storiologist the export side from countries around china that sell into china that have been recently good. so i think there's a reason to be hopeful that we're going to see an uptick here. longer term, no question, chinese consumers are going to be more favorably inclined to buy goods that are made in china. but i don't think we expect to see a very sharp shift on that right now in the next couple of months. >> susie: you don't think this is going to impact the companies that have a china strategy? we hear from so many companies like starbucks or marriott hotels who say china is going to be their biggest market long-term outside of the united states. do you think that they're on track to continue with that policy, despite the bumps along the way? >> yeah, i think the big story here is really going to be the urbanization story. i mean the expectation that the chinese government has is really azing. they expect $300 million people are going to move from rural areas to urban areas within china over the next 20 years. if that happens the way the government expects it's
there's been demand storiologist the export side from countries around china that sell into china that have been recently good. so i think there's a reason to be hopeful that we're going to see an uptick here. longer term, no question, chinese consumers are going to be more favorably inclined to buy goods that are made in china. but i don't think we expect to see a very sharp shift on that right now in the next couple of months. >> susie: you don't think this is going to impact the...
102
102
Dec 12, 2012
12/12
by
KQED
tv
eye 102
favorite 0
quote 0
what is your take on china? >> there is no question they had a slowdown engineered by the government. they did a slowdown in 2008 and 2010, and they said they're going to stop that. and business has bottomed out and is in fact, turning up. it is interesting, susie, in the last week, december 3rd, the most recent bottom in the shanghai market, which has been a being downer, does pit the market going up 6.5%, and the market is up 6.5%. so the markets beginning to believe it is getting better as well. >> susie: thank you very much, mike, mike holland and holland and company. and tomorrow tonight, we'll have more analysis on the fed decision. mohamed el-erian joins us. he's the c.e.o. of pimco. >> tom: still head, british bank hsbc agrees to pay a record fine for laundering mexico drug money. >> susie: it's a major hit to organized labor-- michigan approved legislation today that would greatly limit labor rights. protestors swarmed the state capital as lawmakers passed a bill prohibiting unions from requiring employ
what is your take on china? >> there is no question they had a slowdown engineered by the government. they did a slowdown in 2008 and 2010, and they said they're going to stop that. and business has bottomed out and is in fact, turning up. it is interesting, susie, in the last week, december 3rd, the most recent bottom in the shanghai market, which has been a being downer, does pit the market going up 6.5%, and the market is up 6.5%. so the markets beginning to believe it is getting...
1,779
1.8K
Dec 7, 2012
12/12
by
KQEH
tv
eye 1,779
favorite 0
quote 0
that we are most proud of is the fact that we still import more product from europe than we do from china. so you are talking about artisan product, product that has a story to it. that's special. you don't see that in retailing in america. >> reporter: stores like sur la table are expected to be one of the few bright spots in an otherwise lackluster holiday season for merchants. in fact, some experts think home goods will be hotter than toys this holiday season. ibm projects home goods will see the strongest sales growth this year, up over 6%. that's far more than toys and electronics. >> you may ask yourself, why home? we think home is up because of a lot of things-- things like the changing demographic of the home itself. there's a stat that says that 41% of those between 25 and 29 are living back at home. >> reporter: but there also a second reason. >> we think that this holiday people are buying what they need vs. what they want. >> reporter: which had me wondering what's on jack schwefel's wish list this holiday season. it wasn't this $5,500 coffee maker. >> there are some new knive
that we are most proud of is the fact that we still import more product from europe than we do from china. so you are talking about artisan product, product that has a story to it. that's special. you don't see that in retailing in america. >> reporter: stores like sur la table are expected to be one of the few bright spots in an otherwise lackluster holiday season for merchants. in fact, some experts think home goods will be hotter than toys this holiday season. ibm projects home goods...